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Regular Contributor
creditchief
Posts: 181
Registered: ‎07-24-2007
0

PenFed almost giving away money!!!!

Just got a notice from PenFed that they are reducing my cash advances apr from 17.99 to 9.99. Wow  what a drop, it seems almost like a bait.


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Established Contributor
Cadillac-XTS
Posts: 1,837
Registered: ‎08-20-2012
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Re: PenFed almost giving away money!!!!

WOW. Do you get cash advances often?

Regular Contributor
creditchief
Posts: 181
Registered: ‎07-24-2007
0

Re: PenFed almost giving away money!!!!

I never have but its good to have if I need it. My util is only 8% with all my cc accs.


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webhopper
Posts: 7,225
Registered: ‎09-16-2011
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Re: PenFed almost giving away money!!!!


creditchief wrote:

I never have but its good to have if I need it. My util is only 8% with all my cc accs.


They must feel that you are a good credit risk and they are wanting to increase the number of cash advances and balances so that they can earn more profits


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